Pros
Budget – with an infrastructure budget of only $1.9billion, Madrid is by far the cheapest of the three candidates. Istanbul’s budget is $19billion
Infrastructure – 80 percent of its competition sites are built. Spain’s capital also has a good transport system and city airport and is experienced at staging major events
Location – "Everybody likes being in Spain," says Olympic historian David Wallechinsky
Cons
Economy – Spain currently suffers from a crippling 27 per cent jobless rate